US Repatriates $20.6 Million Abacha-linked Loot

November 18, 2022 by Delia Innoma 0 Comments

The United States (U.S.) Department of Justice (DoJ) announced yesterday that it has repatriated more than $20.6 million worth of assets linked to former Head of State, the late Gen Sani Abacha and his associates.

The DoJ said in a statement yesterday that the transfer of funds “is in accordance with an August 23 agreement between the governments to repatriate assets the United States forfeited that were traceable to kleptocracy of the former Nigerian dictator.

“The forfeited assets represent corrupt monies laundered during and after the military regime of General Abacha, who became head of state in Nigeria through a military coup on Nov. 17, 1993.”

The transfer of funds ultimately stems from a 2014 judgement in the District of Columbia, ordering the forfeiture of approximately $500 million worth of assets linked to the former dictator.

-The Nation

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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